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Scientific paper

Text

Systems of Finance in Transition

Author:
Silke Oetsch

Entry type:
Scientific paper

Year of publication:
2014

Publishers:
Degrowth Conference Leipzig 2014

Language:
English

Abstract: In this contribution I try to develop a typology of „progressive“ and „conformist“ systems of finance in projects of transition aiming at providing a set of criteria for civil society projects and preventing the political exploitation of progressive movements by conformist forces. By progressive I mean projects that promote the logic of provisioning, whereas conformist indicate those that promote capitalist logic. By literature studies, comparing case studies of enterprises and citizen funded projects and looking at forthcoming regulation such as the directive on European Long-term Investment Funds, I try answer the following questions: Is it possible to identify criteria preventing movements and firms from the „trap of conventionalising“? Do recent movements are aware of these? In which case movements should look for alliances to established players, in which cases they should dissociate?

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